Key Highlights

  • Verizon’s $0.7075 quarterly Dividend trades ex-dividend October 9, 2026, with payment on November 2 to shareholders of record.
  • Second-quarter free Cash Flow was $6.4 billion, up 24.4%, and first-half free cash flow was $10.2 billion, up 16.0%.
  • Adjusted EPS (non-GAAP) was $1.30, up 6.6%, while GAAP EPS was $0.92, compared with $1.18 a year earlier.
  • Broadband net additions were 348,000, and 2026 adjusted EPS guidance (non-GAAP) is $4.99 to $5.04.

Verizon Communications Inc. (NYSE:VZ) declared a quarterly dividend of 70.75 cents per share, a Yield of 6.18%, payable November 2 to shareholders of record on October 9, 2026. The $0.7075 amount equals 76.9% of second-quarter GAAP EPS of $0.92 and 54.4% of adjusted EPS of $1.30 (non-GAAP). Consolidated Operating Revenue was $34.3 billion.

Dividend Program and Shareholder Returns

The board declared the dividend on September 9, 2026, consistent with the prior quarter’s dividend rate. The shares trade ex-dividend on October 9. The release states that Verizon has about 4.2 billion common shares outstanding and paid about $11.5 billion in cash dividends in 2025.

The $0.7075 quarterly amount equals $2.83 on an annualized basis, a computed figure. The company returned $9.4 billion of total Capital to shareholders in the first half of 2026, including $3.5 billion of share repurchases, and raised its full-year repurchase target to up to $4.5 billion. Each dividend remains subject to board approval.

About the Company

Verizon Communications Inc. is a telecommunications company reporting mobility and broadband results. It had approximately 17.1 million fixed wireless access and fiber connections. Total unsecured Debt was $136.5 billion at the end of the second quarter.

Second-Quarter Revenue, Income and Special Items

Consolidated operating revenue was $34.3 billion, down 0.7%, while mobility and broadband service revenue was approximately $23.4 billion, up 2.8%. Net Income was $3.9 billion, down 22.9%.

Special items totaled $1.8 billion pre-tax, including a $746 million loss on the disposition of the international wireline connectivity and managed network services business, $258 million of asset rationalization charges and $397 million of severance charges. Adjusted EBITDA (non-GAAP) was $13.7 billion, with a Margin of 40.1%, compared with 37.1%.

Subscribers and Cash Flow

Postpaid phone net additions were 184,000, which the company said were the best Consumer second-quarter postpaid phone net additions in five years. Broadband net additions were 348,000, including 193,000 fixed wireless access and 155,000 fiber.

Cash flow from operations was $18.4 billion for the first half. Free cash flow was $6.4 billion in the second quarter, up 24.4%, and $10.2 billion for the first half, up 16.0%.

2026 Guidance and Dividend Relationships

Guidance includes adjusted EPS (non-GAAP) of $4.99 to $5.04, free cash flow growth of 9.0% to 10.0%, cash flow from operations growth of approximately 2.0% to 4.0%, and capital expenditures of $16.0 billion to $16.5 billion. Mobility and broadband service revenue growth is guided to 2.5% to 3.0%, and wireless service revenue approximately flat.

The $2.83 annualized dividend equals 56.2% to 56.7% of the adjusted EPS guidance, computed from the high and low ends. On about 4.2 billion shares, the quarterly dividend is about $2.97 billion, equal to 46.4% of second-quarter free cash flow, both computed approximations.

The $3.5 billion of first-half Buybacks equals 77.8% of the up-to-$4.5 billion full-year target, and the $9.4 billion returned less $3.5 billion of buybacks implies about $5.9 billion of dividends, both computed. Second-quarter free cash flow of $6.4 billion equals 62.7% of the $10.2 billion first-half total. The three named special items total $1,401 million, leaving about $0.4 billion of the $1.8 billion, also computed.

Outlook

Verizon’s $0.7075 quarterly dividend is payable November 2 to shareholders of record on October 9, 2026. The $4.99 to $5.04 adjusted EPS guidance, the $136.5 billion of unsecured debt, the 9.0% to 10.0% free cash flow growth guidance, and the $1.8 billion of special items are the relevant considerations.